Updated Sep 1, 2026
Sunday AI Leases 52,000 Square Feet Office Space From Menlo Equities In Redwood City
305 Walnut Street
Building Size
52,000 SF
Asset Type
Office
Closing
Jul 23, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 305 Walnut Street, Redwood City, CA. This office space encompasses 52,000 square feet and is owned by Menlo Equities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 305 Walnut Street
- Market: Redwood City, CA
- Landlord: Rick Holmstrom - Menlo Equities
- Tenant: Tony Zhao - Sunday AI
Sunday AI has entered into a direct lease agreement for the entire office space, contributing to the expansion of the company's presence in Silicon Valley. Rick Holmstrom represents Menlo Equities in this transaction, while Tony Zhao represents Sunday AI.
Players
Redwood City Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93